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Yesterday morning's market relied on the early low of 63,881 to maintain a range-bound fluctuation, with a slight rebound to repair market sentiment, but the bullish momentum gradually weakened. When the rebound reached the 64,700-64,800 resistance zone, heavy selling pressure emerged. In the afternoon, the bearish force was concentrated, and Bitcoin continued to decline with increased volume, temporarily stopping at the 63,881 support level. Ethereum moved in tandem, weakening and testing the 1,724 level. In the evening, relying on the support at the low, a oversold rebound occurred. Bitcoin rebounded to the 64,700-64,800 resistance zone but quickly fell back under pressure. Ethereum's rebound above 1,770-1,780 was met with resistance, and the upward momentum was exhausted. Currently, Bitcoin is at 63,000, continuing the bearish inertia from yesterday overnight, and failed to sustain the rally after reaching 64,750 during the day. It then oscillated and weakened, with a low of 62,232. Funds continued to exit throughout the day, and selling pressure has not been fully absorbed. Ethereum also remained weak, with the current price at 1,710. The rebound to 1,758 was met with resistance and fell back. The low held at 1,670 support, but the rebound was severely lacking in strength. From a cyclical structure perspective, the 4-hour timeframe has formed a series of consecutive downtrends, with each rebound peak decreasing, indicating very low bullish willingness in the market. Bitcoin no longer only faces the middle band resistance; the short-term resistance at 63,600 and 64,200 layers is pressing down. The first support today is at 62,232; if broken, it will directly open the 61,800 range. Ethereum's short-term resistance is concentrated at 1,735 and 1,757, with 1,689 as a short-term buffer support. The key defense remains at the previous low of 1,670. The overall market rhythm is no longer a straightforward decline; it is likely to repeatedly bottom out at low levels. Today, Bitcoin stays around 62,232, and Ethereum oscillates above 1,670 support, testing lows repeatedly without making new lows. Indicators remain in a low, dull state, and the market has entered a sideways consolidation phase. The slight rebound can only reach around 63,600 and 1,735, unable to touch yesterday's heavy resistance zone. During the oscillation, the main strategy remains shorting on rebounds. Small positions for quick short-term repairs are suitable for low-entry, but long-term holding of longs is not recommended. If volume suddenly breaks below 62,232 for Bitcoin or 1,670 for Ethereum, bearish momentum will be reactivated, and a new downward trend will begin, with the downside extending directly. At this point, all rebounds should be viewed as opportunities to add to short positions, avoiding any bottom-fishing actions. Friday morning outlook Bitcoin 63,300-63,400 range, target 62,000 Ethereum 1,730-1,740 range, target 1,650

June 19 BTC/ETH Miken Strategy Today is Dragon Boat Festival. Wishing all readers a healthy and peaceful Dragon Boat Festival. Keep a good rhythm during the holiday. The news scene is quite lively today. The most noteworthy is that tomorrow, June 19, marks the largest-scale expiration of S&P 500 index options in history, with open interest exceeding $5.1 trillion. Analysis indicates that traders are currently in a neutral gamma position, and hedging liquidity may not provide the support it once did. Market volatility faces the risk of amplification. Be extra cautious during this window. Additionally, Vance has a news conference tonight at 11 PM Beijing time, content unknown, watch for any new statements regarding the US-Iran situation. On-chain, ETH's largest short position "pension-usdt.eth" has begun taking profits and reducing positions, with total liquidations exceeding $20 million. The retreat of the big short itself is a signal worth noting. BTC: After breaking through all three major resistance levels, Bitcoin has fallen back again. This situation is clearly marked in the chart. Breaking through is easy, holding is the real skill. Currently, from the high of 67,149, it has turned downward, with the three major resistance zones broken sequentially. The current price hovers around 62,888. The significance of this level is critical. Originally, it was the first resistance zone; after breaking through, it became support. Now that support is lost again, indicating that the correction strength is insufficient and needs re-confirmation. Do not chase on operations; wait for right-side signals. Last week’s starting platform at 62,888-64,100 is the bottom line that must be defended. Yesterday’s tweet suggested a needle insertion to catch the bottom, but in reality, the move down to 62,300 had the meaning of a needle insertion. However, the actual recovery effect was not very ideal. Let’s see if it can return to the first resistance zone today. Once confirmed as a recovery, consider entering on the right side. Currently, the long positions added are all based on 62,300 as the defense level. The upper boundary of the three resistance zones is the nearest resistance. Try shorting near here; if it breaks above the upper boundary, exit and wait for the next attempt. (See chart for details) ETH: The pie chart annotation is very precise. After a quick rebound from the consolidation zone around 1,669, the technical validity is reaffirmed. Congratulations to those who kept up with the rhythm. Currently, it rebounds to around 1,714-1,732, a small platform area. This is a previous acceleration consolidation platform; whether it can hold is crucial for the near term. The area of trapped positions from early June at 1,772-1,796 remains a resistance. Further up, 1,859-1,909-1,965-2,038 are very strong resistance zones. Overcoming this area is a heavy task for the correction. In terms of operation, holding at 1,714-1,732 is a good entry point for a correction, with 1,669 as the stop-loss. Ideally, the main correction zone at 1,607-1,639 should not be touched again. If it does reach this level, use 1,607 as the stop-loss, playing the last resistance of the correction camp. For a high-altitude attempt, look for the nearest solid line support level. (See chart for details) #沃什首秀美联储利率不变 $ETH